Why Foot Locker (FL) Is a Good Buying Opportunity

Posted On May 31, 2019 12:48 pm
By: Steve Smith

When athletic shoe retailer, Foot Locker (FL) reported earnings last week, the stock tumbled some 15% and has continued to slide over the following days. I think it is now approaching a great buying opportunity from both a technical and fundamental standpoint.

The technical picture is fairly simple; FL is now… Continue reading at StockNews.com

Tagged with: retail stocks

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Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

Why Foot Locker (FL) Is a Good Buying Opportunity

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